This is a unit in basic econometrics, emphasising the problems involved in the empirical measurement of economic relationships and the techniques used to solve these problems. While the application of econometric techniques is of prime importance, the results are not just presented but derived using a mixture of rigour and intuition so as to leave as few loose ends as possible.

The main objective of this course is to provide students with an introduction to econometric methods needed for graduate level empirical analysis in economics and related disciplines. At the end of this course, students will:

• be able to conduct a basic empirical analysis of cross sectional data (observations on characteristics of several economic units, such as firms or households, at a single point in time) or time series data (observations on characteristics of one economic unit over time);
• have sufficient background to take EMET8001 Applied Micro-Econometrics or EMET8010 Applied Macro and Financial Econometrics or EMET8002 Case Studies in Applied Econometrics in the second semester.

Assignments                      20%

Mid-semester examination  30%

Final examination               50%

12 hours per week

At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics

Assessment will be based on assignments, mid-term examination or quizzes, and a final examination.

For further information please refer to course website